Category Archives: RBI

RBI Revised repo rate for Standing Liquidity Facility for Primary Dealers

By | October 4, 2016

RBI/2016-17/75 REF.No.MPD.BC.381/07.01.279/2016-17 Ashwina 12,1938(Saka) October 4, 2016 To All Primary Dealers Dear Sir/Madam, Standing Liquidity Facility for Primary Dealers Please refer to the Fourth Bi-monthly Monetary Policy Statement, 2016-17 – Resolution of the Monetary Policy Committee (MPC), in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25… Read More »

Category: RBI

RBI Reduced Bank Rate

By | October 4, 2016

RBI/2016-17/74 DBR.No.Ret.BC.19/12.01.001/2016-17 October 04, 2016 The Chairperson / CEOs of all Scheduled and Non-Scheduled Banks, Dear Sir, Change in Bank Rate Please refer to circular DBR.No.Ret.BC.90/12.01.001/2015-16 dated April 05, 2016 on the captioned subject. 2. As announced in the Fourth Bi-Monthly Monetary Policy Statement 2016-17 dated October 04, 2016, the Bank Rate stands adjusted by… Read More »

RBI Direction – Monitoring of Frauds in NBFCs (Reserve Bank) Directions 2016.

By | October 1, 2016

BI/DNBS/2016-17/49 Master Direction DNBS. PPD.01/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction – Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016. In exercise of the powers conferred by sections 45K, 45L and 45M of the Reserve Bank of India Act, 1934 (Act 2 of 1934), and of all the powers enabling it in this behalf,… Read More »

RBI Master Direction -NBFC Auditor’s Report (Reserve Bank) Directions 2016

By | October 1, 2016

RBI/DNBS/2016-17/48 Master Direction DNBS. PPD.03/66.15.001/2016-17 September 29, 2016 Master Direction – Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sub-section (1A) of Section 45MA of the Reserve Bank of India Act, 1934 (Act 2 of 1934) and of all the powers enabling it in this behalf, and… Read More »

Category: RBI

RBI Master Direction- NBFC Returns (Reserve Bank) Directions, 2016

By | October 1, 2016

RBI/DNBS/2016-17/47 Master Direction DNBS.PPD.02/66.15.001/2016-17 September 29, 2016 NOTIFICATION Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 In exercise of the powers conferred by sections 45 JA, 45K, 45L and 45M of the Reserve Bank of India Act, 1934 (hereinafter referred to as the RBI Act), and of all the powers enabling it in… Read More »

RBI issued norms for Publishing of photographs of Wilful defaulters

By | October 1, 2016

DBR.CID. BC. No.17/20.16.003/2016-17 September 29, 2016 The Chairmen / Chief Executive Officers of All Scheduled Commercial banks (including RRBs), All India Financial institutions (EXIM Bank, NHB, NABARD and SIDBI) Dear Sir/Madam Publishing of photographs of Wilful defaulters Please refer to our Master Circular on Wilful Defaulters DBR.CID.BC.No.22/20.16.003/2015-16 dated July 1, 2015 inter alia outlining the… Read More »

Category: RBI

Banks to process payment using Aadhaar-based biometric authentication: RBI

By | October 1, 2016

RBI/2016-17/70 DPSS.CO.PD No.892/02.14.003/2016-17 September 29, 2016 The Chairman and Managing Director / Chief Executive Officers All Scheduled Commercial Banks including RRBs / Urban Co-operative Banks / State Co-operative Banks / District Central Co-operative Banks/ Authorised Card Payment Networks / White Label ATM Operators / Payments Banks / Small Finance Banks Dear Madam / Sir, Aadhaar-based… Read More »

Category: RBI

RBI Master Circular- Credit Facilities to Minority Communities – Modification

By | October 1, 2016

RBI/2016-17/67 FIDD.GSSD.BC.No.15/09.10.01/2016-17 September 29, 2016 The Chairman/ Managing Director All Scheduled Commercial Banks (excluding RRBs and Foreign banks with less than 20 branches) Dear Sir / Madam, Master Circular- Credit Facilities to Minority Communities – Modification Please refer to our Master Circular FIDD.GSSD.BC.No.01/09.10.01/2016-17 dated July 01, 2016. 2. In partial modification of the Circular, para… Read More »

Category: RBI

Doubling Farmers’ Income by 2022 -RBI advise to Lead banks

By | October 1, 2016

RBI/2016-17/66 FIDD.CO.LBS.BC.No.16 /02.01.001/2016-17 September 29, 2016 The Chairman and Managing Directors SLBC Convener Banks/ Lead Banks Dear Sir/ Madam, ‘Doubling Farmers’ Income by 2022’ – Measures As you are aware, the Government of India in the Union Budget 2016-17 had announced its resolve to double the income of farmers by 2022. Several steps have been… Read More »

Category: RBI

RBI Shifted issue date of 5th tranch of Sovereign Gold Bond

By | September 23, 2016

Sovereign Gold Bonds, 2016-17 Series II The Reserve Bank of India, in consultation with Government of India, had notified the issuance of Sovereign Gold Bonds, 2016-17 Series II videIDMD.CDD.No.462/14.04.050/2016-17 and IDMD.CDD.No.463/14.04.050/2016-17. The fifth tranche of Sovereign Gold Bonds was open for subscription from September 01, 2016 to September 09, 2016. The bonds were to be… Read More »

Category: RBI